Can I retire at age 30 with 2,470,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $2,470,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.6%
1 years$203,970$202,153$200,381$198,651$196,961$194,018
2 years$100,975$99,095$97,272$95,505$93,791$90,832
3 years$66,648$64,760$62,942$61,191$59,505$56,623
4 years$49,488$47,605$45,805$44,085$42,439$39,656
5 years$39,195$37,323$35,547$33,861$32,262$29,585
6 years$32,335$30,477$28,727$27,079$25,528$22,961
7 years$27,436$25,595$23,872$22,263$20,761$18,305
8 years$23,765$21,939$20,246$18,676$17,223$14,878
9 years$20,910$19,102$17,438$15,908$14,504$12,269
10 years$18,628$16,838$15,202$13,713$12,358$10,231
11 years$16,762$14,989$13,384$11,934$10,629$8,606
12 years$15,208$13,454$11,878$10,468$9,211$7,291
13 years$13,894$12,158$10,612$9,242$8,032$6,213
14 years$12,769$11,052$9,535$8,204$7,041$5,319
15 years$11,795$10,096$8,609$7,316$6,199$4,572
16 years$10,943$9,263$7,805$6,551$5,479$3,943
17 years$10,192$8,531$7,102$5,886$4,858$3,410
18 years$9,526$7,883$6,484$5,304$4,319$2,956
19 years$8,930$7,306$5,935$4,793$3,850$2,568
20 years$8,395$6,789$5,447$4,341$3,439$2,234
21 years$7,911$6,323$5,010$3,940$3,077$1,947
22 years$7,472$5,903$4,618$3,582$2,758$1,699
23 years$7,071$5,521$4,264$3,262$2,476$1,484
24 years$6,705$5,172$3,943$2,975$2,226$1,298
25 years$6,368$4,854$3,652$2,717$2,003$1,136
26 years$6,058$4,562$3,387$2,485$1,804$995
27 years$5,771$4,293$3,145$2,274$1,626$872
28 years$5,505$4,046$2,924$2,084$1,468$764
29 years$5,258$3,817$2,721$1,911$1,325$670
30 years$5,028$3,604$2,535$1,754$1,197$588
31 years$4,813$3,407$2,363$1,611$1,083$517
32 years$4,612$3,224$2,205$1,480$979$454
33 years$4,423$3,053$2,058$1,361$886$398
34 years$4,246$2,894$1,923$1,252$802$350
35 years$4,080$2,745$1,798$1,153$727$308
36 years$3,923$2,605$1,682$1,062$658$271
37 years$3,775$2,474$1,574$978$597$238
38 years$3,635$2,351$1,474$902$541$209
39 years$3,502$2,236$1,381$831$491$184
40 years$3,377$2,127$1,295$767$445$162
41 years$3,258$2,025$1,214$707$404$142
42 years$3,145$1,929$1,139$653$366$125
43 years$3,037$1,838$1,069$603$332$110
44 years$2,935$1,752$1,003$557$302$97
45 years$2,837$1,670$942$514$274$85
46 years$2,744$1,593$885$475$249$75
47 years$2,655$1,521$831$439$226$66
48 years$2,570$1,452$781$405$205$58
49 years$2,489$1,386$734$375$186$51
50 years$2,412$1,324$690$346$169$45

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $2,470,000, adding $2,024 every year, while hoping to spend $24,259 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 84/6/10 Blend
29$2,470,000$2,470,000$2,470,000$2,470,000
30$2,724,028$2,593,118$2,554,833$2,948,639
31$2,976,067$2,694,369$2,614,608$3,197,063
32$3,253,002$2,799,769$2,675,573$3,466,425
33$3,557,345$2,909,494$2,737,742$3,761,558
34$3,891,866$3,023,731$2,801,128$4,085,038
35$4,259,615$3,142,674$2,865,745$4,439,703
36$4,663,955$3,266,524$2,931,607$4,828,679
37$5,108,588$3,395,493$2,998,725$5,255,408
38$5,597,594$3,529,802$3,067,113$5,723,682
39$6,135,469$3,669,683$3,136,781$6,237,679
40$6,727,165$3,815,375$3,207,741$6,802,000
41$7,378,139$3,967,132$3,280,003$7,421,712
42$8,094,403$4,125,215$3,353,578$8,102,400
43$8,882,583$4,289,902$3,428,474$8,850,213
44$9,749,978$4,461,478$3,504,699$9,671,928
45$10,704,630$4,640,245$3,582,261$10,575,010
46$11,755,402$4,826,516$3,661,166$11,567,683
47$12,912,057$5,020,620$3,741,419$12,659,006
48$14,185,356$5,222,900$3,823,026$13,858,961
49$15,587,154$5,433,713$3,905,989$15,178,547
50$17,130,515$5,653,436$3,990,310$16,629,880
51$18,829,832$5,882,459$4,075,990$18,226,309
52$20,700,968$6,121,193$4,163,029$19,982,542
53$22,761,400$6,370,065$4,251,424$21,914,786
54$25,030,388$6,629,523$4,341,172$24,040,897
55$27,529,154$6,900,036$4,432,267$26,380,547
56$30,281,082$7,182,092$4,524,703$28,955,415
57$33,311,941$7,476,203$4,618,469$31,789,386
58$36,650,127$7,782,905$4,713,556$34,908,776
59$40,326,929$8,102,757$4,809,949$38,342,585
60$44,376,828$8,436,344$4,907,634$42,122,765
61$48,837,818$8,784,278$5,006,593$46,284,524
62$53,751,767$9,147,199$5,106,806$50,866,657
63$59,164,812$9,525,777$5,208,249$55,911,912
64$65,127,794$9,920,712$5,310,897$61,467,394
65$71,696,738$10,332,736$5,414,721$67,585,005
66$78,933,381$10,762,615$5,519,689$74,321,940
67$86,905,754$11,211,151$5,625,767$81,741,221
68$95,688,825$11,679,182$5,732,914$89,912,295
69$105,365,208$12,167,585$5,841,090$98,911,685
70$116,025,941$12,677,278$5,950,248$108,823,716
71$127,771,342$13,209,220$6,060,337$119,741,308
72$140,711,964$13,764,416$6,171,302$131,766,853
73$154,969,629$14,343,917$6,283,086$145,013,182
74$170,678,584$14,948,823$6,395,623$159,604,627
75$187,986,768$15,580,283$6,508,844$175,678,196
76$207,057,204$16,239,503$6,622,677$193,384,865
77$228,069,542$16,927,742$6,737,039$212,891,005
78$251,221,752$17,646,318$6,851,847$234,379,947
79$276,731,995$18,396,612$6,967,008$258,053,716
80$304,840,680$19,180,067$7,082,424$284,134,933
81$335,812,734$19,998,195$7,197,990$312,868,923
82$369,940,105$20,852,578$7,313,594$344,526,022
83$407,544,513$21,744,872$7,429,117$379,404,135
84$448,980,492$22,676,809$7,544,431$417,831,541
85$494,638,734$23,650,205$7,659,401$460,169,997
86$544,949,776$24,666,956$7,773,883$506,818,148
87$600,388,069$25,729,053$7,887,723$558,215,292
88$661,476,450$26,838,574$8,000,760$614,845,525
89$728,791,083$27,997,700$8,112,821$677,242,309
90$802,966,896$29,208,709$8,223,722$745,993,510
91$884,703,573$30,473,990$8,333,272$821,746,942
92$974,772,165$31,796,043$8,441,264$905,216,488
93$1,074,022,361$33,177,485$8,547,481$997,188,831
94$1,183,390,516$34,621,055$8,651,696$1,098,530,885
95$1,303,908,485$36,129,623$8,753,664$1,210,197,974
96$1,436,713,369$37,706,194$8,853,131$1,333,242,853
97$1,583,058,248$39,353,912$8,949,825$1,468,825,642
98$1,744,324,008$41,076,072$9,043,463$1,618,224,780
99$1,922,032,380$42,876,123$9,133,742$1,782,849,089
100$2,117,860,307$44,757,678$9,220,347$1,964,251,076